Jbay76 (< 20)

Bye Bye Fronteer Gold...good luck to ya'

March 24, 2011 – Comments (0) | RELATED TICKERS: FRG , NEM

So I just closed my real life position in Fronteer Gold.  I was goign to stick with it after the buy out with Newmont Mining until I was given the official info on the deal, which I didn't like.  Originally, I thought each FRg shareholder woudl get 14 CAD plus 1 share of Pilot Gold, but after reading the most recent prospectus/voter info I learned that its a 4 for 1 deal, whereby 4 shares of FRG would result in 1 share of Pilot Gold.  Add to that the fact that Pilot Gold did not have a ticker lined up and didn't know when it would trade on a US stock exchange, I thought it best to lock in a 30% gain and move on....nothing more to see here.  This was one of my 10 doubles picks, so its a sad farewell as it never doubled for me....oh well........GPL......SLW  where are you?